\begin{table}[h] \centering
\newcolumntype{R}{>{\raggedleft\arraybackslash}X}
\newcolumntype{L}{>{\raggedright\arraybackslash}X}
\newcolumntype{C}{>{\centering\arraybackslash}X}

\caption{Placebo tests: Effects on the level of the outcome variables two years before the election}
\label{tab:placebo_baseline_level_year_m2}
\begin{tabularx}{\linewidth}{@{}lCCCCCCCC@{}}

\toprule
& (1) & (2) & (3) & (4) & (5) & (6) & (7) & (8) \tabularnewline 
{}&{\textbf{Econ. perf.}}&{GDP p.c. gr.}&{(Minus) Inflation}&{(Minus) Unemp.}&{Trade}&{\textbf{HDI}}&{\textbf{Democ.}}&{\textbf{General index}} \tabularnewline
\midrule \addlinespace[\belowrulesep]
El. turn.&--0.109&--0.048&--0.249&0.110&--0.089&--0.193&0.057&--0.093 \tabularnewline
&(0.093)&(0.121)&(0.155)&(0.178)&(0.173)&(0.167)&(0.107)&(0.092) \tabularnewline
p-val&[0.286]&[0.574]&[0.117]&[0.494]&[0.684]&[0.321]&[0.422]&[0.370] \tabularnewline
\midrule N&2175&1949&1868&1284&1737&1263&2176&2344 \tabularnewline
N eff.&952&1100&969&593&741&624&846&1205 \tabularnewline
Band.&18.2&25.0&21.7&19.6&16.8&20.8&15.5&22.2 \tabularnewline
\bottomrule \addlinespace[\belowrulesep]

\end{tabularx}
\\ \parbox{\linewidth}{\footnotesize \caption*{\footnotesize \emph{Notes}: This table reports estimates for equation (\ref{eq:baseline_rdd}), using as a dependent variable the value of the outcomes two years before the election.}}
\end{table}
